CBI sells US $179 million in Wednesday auction

Central Bank of Iraq 650x477 CBI sells US $179 million in Wednesday auction

Central Bank of Iraq Building

BAGHDAD / IraqiNews.com: The Central Bank of Iraq (CBI) has sold U.S.$179 million in its Wednesday auction for selling and buying foreign currencies, at an average rate of 1,170 dinars per dollar, down from its previous session that sold U.S.$201 million, the CBI‘s daily bulletin reported. “The total demand for the U.S.dollar today reached 179 million and 360,000, covered by the CBI at an average rate of 1,170 dinars per dollar,” the bullet stressed, adding that the CBI‘s previous session had sold U.S.$201 million and 153,000. It said that the CBI‘s cash sales had reached U.S.$9 million and 390,000, at an average exchange rate of 1,183 dinars per dollar, including the Bank’s interest of 13 dinars per dollar. Foreign transfers reached 169 million and 970,000 dollars, at an exchange rate of 1,183 dinars per dollar, including the Bank’s interest rate of 13 dinar per dollar. The bulletin repeated the CBI‘s daily comment that none of the banks that attended its sessions, including the 24 banks that attended today’s session, offered to sell dollars. The CBI holds 5 sessions per week, beginning on Sunday and ending on Thursday for the sale and purchase of foreign currencies, charging 13 dinars per dollar for its cash sales and 13 dinars per dollar for its foreign transfers.

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